Global EdTech Market Insights, Forecast to 2028

EdTech Market Statistics 2028

The global EdTech market size was valued at USD 85 billion in 2021, it is expected to reach over 230 billion U.S. dollars by 2028, growing at a CAGR of 15% during 2022-2028. Learners are increasingly choosing online learning over traditional classroom learning because it is more convenient and less expensive. The edtech market is expected to grow as a result of these factors. Furthermore, due to the recent COVID-19 outbreak, all educational institutions have been forced to adopt an online learning model, which has aided the edtech market's growth.

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Personalized learning, the growth of gamification, the adoption of the hybrid model, improvements in connectivity infrastructure and smartphone penetration, and growing investments by private equity and venture capital are some of the other edtech trends.

Trends Influencing the Growth of the EdTech Market

Online learning platforms provide a flexible environment by allowing students to learn at their own pace and allowing educators to use digital resources to make learning more interesting and collaborative. Adaptive learning is a type of Edtech that tailors study materials to a student's abilities and knowledge level. Adaptive exams can assist teachers in determining what obstacles each student faces and focusing on those in order to smooth out the bumps. With adaptive learning, students are actively engaged in their learning, resulting in the best possible outcomes. This, in turn, is expected to propel the edtech market forward.

The edtech market is expected to grow due to the rise of gamification. Engaging students is especially important in situations where there is less direct interaction with teachers and classmates. Because it improves the appeal of learning processes, innovation, fun, productivity, the ability to retain knowledge, and the ability to learn new skills, gamification is the preferred training methodology for keeping students engaged. This technique refers to the application of thought and game techniques in non-entertainment settings such as education or work.

Offline learning will continue in schools, but a hybrid learning model will be the way to go. The educational digital revolution has been in the works for quite some time, and the pandemic has only accelerated it. Students value the convenience and cost-effectiveness of online learning, especially now that the Internet is widely available on mobile devices. This, in turn, is expected to propel the edtech market forward. This behavioral shift benefits even teachers who were previously confined to their neighborhoods because they can now teach students from all over the world.

The digital form of education is expected to benefit students of all ages, socioeconomic backgrounds, and geographic locations. The digital form of education is expected to benefit students of all ages, socioeconomic backgrounds, and geographic locations. Advanced technologies such as artificial intelligence (AI) and augmented reality (AR) are expected to drive the digital education market during the forecasted period, fostering education through game-based learning (gamification), hybrid models, and mobile-based learning, and attracting a large number of investors to invest.

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EdTech Market Share Analysis

Based on application, The most profitable segment is expected to be K-12. The high percentage can be attributed to the growing trend of game-based learning in K-12 education. The majority of K-12 teachers support gamification initiatives in schools that incorporate practical, project-based work to help students improve their math learning skills.

Based on type, The most profitable segment is expected to be K-12. The growing popularity of digital classrooms in the education sector can be attributed to the high percentage. For example, interactive whiteboards are becoming more popular and provide a better experience. The features include dry-erase surfaces, digital pens, communication software, and other multi-touch options. Users can also save and share notes on a variety of digital devices, such as tablets, smartphones, and laptops.

Based on region, The most profitable region is expected to be the Asia Pacific. The increased use of the internet and smart devices by the general public can be attributed to this increase. In recent years, developing countries such as India have seen an increase in affordable broadband connectivity, which has resulted in a slew of new businesses reaching out to the populace. Furthermore, in developing countries, stakeholders in the education sector are increasingly turning to technology to help bridge the gap between educational infrastructure and teaching resources.

Edtech Market by Type
Hardware
Software
Content

Edtech Market by Application
Preschool
K-12
Higher Education
Others

Edtech Market by Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Edtech Market by Company
BYJU'S
VIPKid
iTutorGroup
Udacity
Newsela
Civitas Learning
Dreambox Learning
Guild Education
Coursera
Schoology
Instructure
Knewton
17zuoye
Yuanfudao
Udemy
Age of Learning
HuJiang

SIMILAR REPORT

https://reports.valuates.com/market-reports/QYRE-Auto-16X3486/global-and-united-states-virtual-classroom

https://reports.valuates.com/market-reports/QYRE-Othe-1F324/k12-education-technology

https://reports.valuates.com/market-reports/QYRE-Auto-3R2111/global-k12-online-tutoring

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